Comparative analysis of economic freedom

Freedom is one the fundamental values of individuals living in a society. Among the various types of freedom, economic freedom has an utmost importance. The main feature for the general welfare of individuals and societies is that they are economically free. The reason lies beneath the welfare of developed countries is that of improvements in their economy. As the basic elements, such as economic freedom providing the grounds for economic, political and social rights of individuals have an important role in changing and developing the national organizational structures and the organizational structure being thought as effective on social life, the organizational structure has to be analyzed from the point of economic freedom. In this study, having categorized countries into five groups, their states of economic freedom were investigated and tested by linear regression analysis using the method of least squares. The data of 117 countries analyzed were obtained from the official web page of Heritage Foundation. EViews 7.1 and SPSS 15.0 were used for the statistical analysis and test. As a result, it has been determined that the organizational structures and the level of economic developments affect the national economic freedom, and Muslim counties have the lowest level of economic freedom. Key Words: Economic Freedom, Organizational Economics, The Method of Least Squares, Regression Analysis.